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MYMETAL: China’s copper prices grow, stocks slip

ABSTRACT

Copper prices in China’s physical market grew over July 23-30, according to the weekly report from Mymetal, Mysteel’s nonferrous metals market research arm, mainly driven by lower stocks.
As of July 30, the spot price of 99.99% grade copper cathode had jumped Yuan 1,749/tonne ($271/t) on week to Yuan 71,788/t including the 13% VAT, according to Mymetal’s assessment. As of the same day in London, the three-month buyer price of copper on the London Metal Exchange had also

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